Which of the following is NOT required by generally accepted accounting principles?
a. Statement of cash flows
b. Earnings per share
c. Cash per share
d. Disclosure in notes to financial statements of the projected benefit obligation of a defined-benefit pension plan
C
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Borden Company incurred the following costs to acquire and prepare land for a new parking lot: purchase price for land, cost to clear the land, cost of paving, lighting for the parking lot, and landscaping for the parking lot. How should the company determine which costs should be recorded as Land Improvements and which cost should be recorded as Land?
a. The costs with an unlimited life will increase Land, and the costs with a limited useful life will increase Land Improvements. b. The costs with a limited life will increase Land, and the costs with an unlimited useful life will increase Land Improvements. c. The costs to be depreciated will increase Land, and the costs that will not be depreciated will increase Land Improvements d. Costs that are depreciable will increase Land Improvements, while other costs are expensed immediately because of a lack of definite life.
What can be used to show how one thought is related to another?
A) Review sections B) Preview sections C) Transitions D) Headings and subheadings E) The introduction
______ errors occur when similar marks are be given to items that are near each other on the performance appraisal form.
A. Proximity B. Recency C. Similarity D. Severity or strictness
Where is the best place for the bottom line in most business documents?
a. at the bottom (or end) of the document b. after the rationale in the document c. at the top (or beginning) of the document d. none of the above